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Electronic Payment Systems: The Complete Guide

AvidXchange

An e-payment system is a computer system used to manage electronic payments. In this case, a system is a computer application that can live on your company’s servers or an external server managed by your company, a third party vendor like AvidXchange, or a cloud-based system like Amazon Web Services (AWB) or Google Cloud Platform.

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The Complete Guide to Electronic Payment Systems

AvidXchange

In 2017, 3.3 According to AFP, over the past decade, fraud risk for checks has spiked—rising from 60% in 2013 to 78% in 2017. After information is electronically extracted from the invoice, it goes through your pre-determined approval process. After the invoice is approved, payments are disbursed. from last year.

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